Egypt to implement automatic fuel price indexation mechanism by end of 2018: IMF
The International Monetary Fund (IMF) said in its staff report after the third review of the Egyptian economy that the automatic fuel price indexation mechanism for most fuel products will…
EU economic growth forecast reduced
The European Commission has released new economic growth forecasts. Europe's major economies are expected to grow in the next two years — but at a slower rate than the Commission…
Majid Al Futtaim, Sawiris Foundation sign partnership agreement to launch ‘Know Me, Accept Me’ initiative
Majid Al Futtaim Retail, which holds the exclusive franchise rights to operate Carrefour in 38 countries, and the Sawiris Foundation for Social Development, one of family-funded foundations in Egypt set…
13 prisoners handed death sentences in major jail break case
Six of the defendants were tried in absentia
Further increase in global oil prices would put pressure on Egyptian budget: IMF
Global risks highlight the need to broaden and accelerate structural reforms, mentions staff report
Wimbledon: Angelique Kerber to face Serena Williams in final
In a rematch of the 2016 Wimbledon final, Angelique Kerber and Serena Williams are set to square off for the Rosewater Dish. Williams, who gave birth last year, is aiming…
World Cup 2018: Croatia defender Domagoj Vida apologizes for pro-Ukraine comments
Domagoj Vida has apologized for a video posted on social media in which he said "glory to Ukraine" after Croatia's win over Russia. Tensions between Russia and Ukraine have been…
Les Blues one step away from wining 2nd World Cup title
After beating Belgium on Sunday, France qualified for 2018 World Cup final and became one step away from winning their second title. The Blues, under Didier Deschamps, overcame the Belgians…
Economic reforms to position Egypt’s insurance sector with serious growth potential: AXA Egypt Investment CEO
Egypt has been going through major economic reforms, including the authorities plans to develop Egypt’s healthcare sector, through implementing the new universal healthcare law, which is to provide comprehensive medical…
Three financial agreements likely to be signed on side-lines of Macron’s scheduled visit to Egypt
Agreements include social protection projects, mobile health clinics, fashion’s technical support, states ministerial data